The Salmon P. Chase Papers - Vol. 3

By John Niven; James P. McClure et al. | Go to book overview
Your note, of course, required me to reconsider my views; and the next a further reason for reconsideration was furnished by the receipt from Mr. Seward of a copy of his reply to a note from you, identical with that sent to me, announcing his resumption of the duties of the State Department.3I cannot say that reflection has much if at all changed my original impressions; but it has led me to the conclusion that I ought, in this matter, to conform my action to your judgment and wishes.I shall resume, therefore, my post as Secretary of the Treasury; ready, however, at any moment, to resign it,--if, in your judgment, the success of your administration may be, in the slightest degree, promoted.With the highest esteem & respectYours truly,
S P CHASEThe President
Lincoln to Seward and Chase, December 20, 1862 (above).
Chase to Lincoln, December 20 (above).
"I have cheerfully resumed the functions of this Department in obedience to your command," wrote Seward. Seward to Lincoln, Dec. 21, 1862 ( Lincoln Papers, L.C.).

TO THADDEUS STEVENS

Letterbook copy in clerk's hand. Letters Sent to Committees of Congress (D Series), General Records, Department of the Treasury (Record Group 56), National Archives (micro 24:0327).

Treasury Department
23. December 1862.

Sir:

In compliance with the request of the Committee of Ways & Means, I transmit a Bill embracing "my views as to the manner of providing the Ways and Means for carrying on the Government for the current and next fiscal year".1--

The Committee will observe that the provision in respect to Loans is very general-- Under it the Secretary will have power to borrow money in any of the ordinary forms, or, if exigencies require, to make additional issues of United States Notes.--

I shall certainly prefer a much more limited authority. Indeed it would be highly gratifying to me if the Committee would determine not only in what modes the whole amount shall be obtained, but what proportion of the aggregate shall be obtained in each mode.--

I feel myself constrained to commend to the most favorable consideration of the Committee the Sections of the Bill providing for the organization of Banking Associations.-- I lay no stress upon details; but I cannot express too strongly my sense of the importance of the measure itself.-- Under existing legislation, it is next to impossible to

-343-

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